Nyadi Hydropower Limited IPO open from 1 Bhadra 2078

Nyadi Hydropower Limited has opened IPO issuance and sale on 1 September 2021. According to the Nepalese date, the IPO is opening from 1 Bhadra 2078. The company has issued IPOs for local residents and founding shareholders in the project-affected areas.

The company is going to issue a total of 1.8 million ordinary shares with a face value of Rs 100 per share.

Environmental and Supplementary Environmental Impact Assessment Report

According to the Environmental Impact Assessment Report and Supplementary Environmental Impact Assessment Report of the project, the company has affected the most affected areas in Marsyangdi village municipality ward no. 3 (Savik Khudi VDC ward no. 1, 2, 3 and 6 only) and Marsyangdi village municipality ward.

Issuance of 500,000 shares for the locals of 6th, 7th and 8th (all wards of Savik Bahundanda VDC and Savik Bhulbhule VDC) and 1 million shares for the locals of other areas of Lamjung district besides that area.

The company is going to sell the remaining 300,000 shares to the employees of its founding shareholders Butwal Power Company and Lamjung Power Development Company.

The IPO will be closed on September 3 at the earliest and on September 12 at the late.

A place to Apply Nyadi Hydropower IPO

Applications for the IPO can be submitted from NMB Bank’s Beshisahar branch, Civil Bank’s Bhulbhule branch and Global IME Bank’s Beshisahar, Udaipur, Dordi, Bholentar, Sunderbazar and Bhabhoteodar branch offices. Employees of the company’s founding shareholder organization can apply from the company’s office, Buddhanagar.

Issue and Sale Manager

The issue and sale manager of the company is Global IME Capital. Investors will have to apply for a minimum of 10 lots of shares and a maximum of 50,000 lots.

ICRANP Rating of Nyadi Hydropower IPO

Care Rating Nepal has given Care NP Double B Issuer rating to the company in the rating given for IPO issue. This indicates an average risk in the company’s ability to bear responsibility.

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